Judge grants injunction against JPMorgan to Viva Wallet directors

Judge grants injunction against JPMorgan to Viva Wallet directors

U.K. Judge David Foxton stopped the bank from suing the directors of Viva Wallet in Greece on grounds that the fintech violated its agreement with majority shareholder Werealize.

JPMorgan Chase Forced To Halt $1,100,000,000 Lawsuit Against Fintech Firm Execs, Court Rules: Report - The Daily Hodl

The biggest bank in the US is being forced to stand down on a $1.1 billion lawsuit against the executives of the Greek fintech firm Viva Wallet after a court ruling in the UK. In 2022, JPMorgan Chase acquired a 48.5% stake in Viva, while Werealize, a company owned by Viva’s CEO Haris Karonis, held the remaining 51.49%. JPMorgan and Werealize’s shareholder agreement reportedly specified that if Viva’s valuation fell below EUR 5 billion ($5.81 bil…

JPMorgan Chase Forced To Halt $1,100,000,000 Lawsuit Against Fintech Firm Execs, Court Rules: Report

The biggest bank in the US is being forced to stand down on a $1.1 billion lawsuit against the executives of the Greek fintech firm Viva Wallet after a court ruling in the UK. In 2022, JPMorgan Chase acquired a 48.5% stake in Viva, while Werealize, a company owned by Viva’s CEO Haris Karonis, held... The post JPMorgan Chase Forced To Halt $1,100,000,000 Lawsuit Against Fintech Firm Execs, Court Rules: Report appeared first on Daily Truth Report …